South Korea’s Ministry of Science and ICT said that the country’s three major telecom carriers, SK Telecom, KT and LG Uplus, have agreed to invest KRW 4 trillion ($3.4 billion) in their 5G networks during the first half of this year, The Korea Times reports.
Operators will heavily invest to install additional 5G equipment with the aim of expanding the coverage of current 5G networks across the country.
The announcement follows an agreement between South Korea’s Minister of Science and ICT Choi Ki-young and the management of the three domestic operators.
